BINTZ TECHNICS
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 11-05-2026 PDF all 49 filings
Turnover
≈ €5.4m
Estimated: probably between €3.2m and €9.1m
Total assets
€2.3m▼ 10.4%
2024 · €2.6m
Net result
€322,139▼ 18.4%
2024 · €394,795
Working capital
€790,460▲ 4.5%
2024 · €756,631
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€443,126
▼ 16.3%
2025
20182025
Net result
€322,139
▼ 18.4%
2025
highest quarter of the sector
20182025
Equity
€882,976
=
2025
middle half of the sector
20182025
Total assets
€2.3m
▼ 10.4%
2025
highest quarter of the sector
20182025
Debt
€1.4m
▼ 15.8%
2025
20182025
Working capital
€790,460
▲ 4.5%
2025
highest quarter of the sector
20182025
Solvency
38.1%
▲ 4.0pp
2025
middle half of the sector
20182025
Current ratio
1.55
▲ 0.11
2025
middle half of the sector
20182025
Return on assets (ROA)
13.9%
▼ 1.4pp
2025
highest quarter of the sector
20182025
Staff (FTE)
10.7
▼ 5.3%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.7m-€0.6m▼ 4.1%€0.4m▼ 35.9%€0.6m▲ 41.4%€0.9m▲ 51.7%€0.7m▼ 18.1%€0.5m▼ 26.5%€0.4m▼ 16.3%
Net result€0.4m-€0.4m▼ 2.2%€0.3mabove the sector's middle half▼ 28.9%€0.4mabove the sector's middle half▲ 42.9%€0.7mabove the sector's middle half▲ 61.1%€0.5mabove the sector's middle half▼ 23.9%€0.4mabove the sector's middle half▼ 25.3%€0.3mabove the sector's middle half▼ 18.4%
Equity€1.1m-€1.2m▲ 0.4%€1.2mabove the sector's middle half▲ 0.2%€0.7mwithin the sector's middle half▼ 43.0%€0.9mwithin the sector's middle half▲ 29.7%€0.9mwithin the sector's middle half▲ 3.4%€0.9mwithin the sector's middle half▲ 0.1%€0.9mwithin the sector's middle half=
Total assets€3.1m-€3.3m▲ 7.5%€2.9mabove the sector's middle half▼ 13.2%€3.3mabove the sector's middle half▲ 16.8%€3.1mabove the sector's middle half▼ 7.0%€2.7mwithin the sector's middle half▼ 14.5%€2.6mwithin the sector's middle half▼ 2.7%€2.3mabove the sector's middle half▼ 10.4%
Debt€1.9m-€2.1m▲ 11.7%€1.7m▼ 20.3%€2.7m▲ 57.1%€2.3m▼ 16.0%€1.8m▼ 21.3%€1.7m▼ 4.1%€1.4m▼ 15.8%
Working capital€1.1m-€1.1m▲ 3.3%€1.1mabove the sector's middle half▼ 3.1%€0.6mwithin the sector's middle half▼ 46.0%€0.8mwithin the sector's middle half▲ 39.1%€0.8mwithin the sector's middle half▼ 3.9%€0.8mwithin the sector's middle half▼ 2.7%€0.8mabove the sector's middle half▲ 4.5%
Solvency37.4%-34.9%▼ 2.5pp40.3%within the sector's middle half▲ 5.4pp19.7%below the sector's middle half▼ 20.6pp27.4%within the sector's middle half▲ 7.8pp33.2%within the sector's middle half▲ 5.7pp34.1%within the sector's middle half▲ 1.0pp38.1%within the sector's middle half▲ 4.0pp
Current ratio1.57-1.52▼ 0.051.64within the sector's middle half▲ 0.121.22within the sector's middle half▼ 0.421.36within the sector's middle half▲ 0.141.44within the sector's middle half▲ 0.081.45within the sector's middle half▲ 0.011.55within the sector's middle half▲ 0.11
Return on assets (ROA)14.1%-12.9%▼ 1.3pp10.5%above the sector's middle half▼ 2.3pp12.9%above the sector's middle half▲ 2.4pp22.3%above the sector's middle half▲ 9.4pp19.9%above the sector's middle half▼ 2.5pp15.3%above the sector's middle half▼ 4.6pp13.9%above the sector's middle half▼ 1.4pp
Staff (FTE)10.3-10.2▼ 1.0%10.1above the sector's middle half▼ 1.0%10.5above the sector's middle half▲ 4.0%9.6above the sector's middle half▼ 8.6%10.4above the sector's middle half▲ 8.3%11.3above the sector's middle half▲ 8.7%10.7above the sector's middle half▼ 5.3%
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 16% lower than in 2024 and the lowest since 2021. It is the third fall in a row.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.3m
Fixed assets
€100,692 ▼ 27.5%
Current assets
€2.2m ▼ 9.4%
Equity and liabilities €2.3m
Equity
€882,976 =
Debt
€1.4m ▼ 15.8%
Debt's share of the balance-sheet total falls from 65.9% to 61.9%. Debt is lower.
Key figures and ratios
EBITDA
€492,226▼
2024 · €581,895
Cash flow
€371,239▼
2024 · €447,104
Quick ratio
1.14▲
2024 · 1.09
Debt to equity
1.63▼
2024 · 1.93
ROE
36.5%▼
2024 · 44.7%
Interest coverage
11.82▲
2024 · 10.68
Debt ≤ 1 year
€1.4m▼
2024 · €1.7m
Income taxes
€114,382▼
2024 · €138,535
Staff costs
€791,471▼
2024 · €828,079
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 11 | 10 | 11 | 12 | 10 |
| full-time | 9 | 9 | 10 | 11 | 9 |
| part-time | 2 | 1 | 1 | 1 | 1 |
| in full-time equivalents | 10.3 | 9.8 | 10.8 | 11.8 | 9.8 |
| Average over the year, in full-time equivalents | 10.5 | 9.6 | 10.4 | 11.3 | 10.7 |
| On a permanent contract | 11 | 10 | 11 | 12 | 10 |
| Joined | 1 | 4 | 2 | 4 | 1 |
| Left | 2 | 4 | 1 | 3 | 3 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €28,313 | €2,572 | €94,849 | €74,386 | €10,883 |
| Intangible fixed assets | €655 | - | - | €600 | - |
| Depreciation and write-downs of the year | €46,674 | €41,288 | €33,398 | €52,309 | €49,099 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2025 · 3 entries · €3,009 awarded · €3,009 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,152 | €2,742 |
| 2024 | 1 | €1,590 | €0 |
| 2023 | 1 | €267 | €267 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | ▼ 4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.07m | €0.07m | €0.04m | €0.05m | €0.04m | €0.03m | €0.05m | €0.05m | ▼ 6.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €115 | - | €0.06m | €0.03m | -€0.01m | - |
| Other operating charges640/8 | - | - | - | €0.009m | €0.01m | €0.004m | €0.007m | €0.006m | ▼ 15.3% |
| Non-recurring operating charges66A | - | - | - | €150 | - | - | - | - | - |
| Gross operating margin9900 | €1.5m | €1.5m | €1.2m | €1.5m | €1.7m | €1.6m | €1.5m | €1.3m | ▼ 11.8% |
| Operating profit (loss)9901 | €0.7m | €0.6m | €0.4m | €0.6m | €0.9m | €0.7m | €0.5m | €0.4m | ▼ 16.3% |
| Financial income75/76B | - | - | - | €0.05m | €0.06m | €0.04m | €0.06m | €0.04m | ▼ 39.9% |
| Recurring financial income75 | €0.05m | €0.06m | €0.04m | €0.05m | €0.05m | €0.04m | €0.06m | €0.04m | ▼ 36.7% |
| Non-recurring financial income76B | - | - | - | - | €0.006m | - | €0.003m | - | - |
| Financial charges65/66B | - | - | - | €0.04m | €0.002m | €0.05m | €0.05m | €0.04m | ▼ 23.6% |
| Recurring financial charges65 | €0.09m | €0.09m | €0.04m | €0.04m | €0.002m | €0.05m | €0.05m | €0.04m | ▼ 23.6% |
| Profit (loss) for the period before taxes9903 | €0.6m | €0.6m | €0.4m | €0.6m | €0.9m | €0.7m | €0.5m | €0.4m | ▼ 18.2% |
| Income taxes67/77 | €0.2m | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 17.4% |
| Profit (loss) for the period9904 | €0.4m | €0.4m | €0.3m | €0.4m | €0.7m | €0.5m | €0.4m | €0.3m | ▼ 18.4% |
| Profit (loss) for the period to be appropriated9905 | €0.4m | €0.4m | €0.3m | €0.4m | €0.7m | €0.5m | €0.4m | €0.3m | ▼ 18.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.1m | €3.3m | €2.9m | €3.3m | €3.1m | €2.7m | €2.6m | €2.3m | ▼ 10.4% |
| Fixed assets21/28 | €0.1m | €0.06m | €0.1m | €0.09m | €0.06m | €0.1m | €0.1m | €0.1m | ▼ 27.5% |
| Intangible fixed assets21 | €0.002m | €0.001m | €273 | €0.001m | €407 | €276 | €0.001m | €434 | ▼ 36.6% |
| Tangible fixed assets22/27 | €0.1m | €0.06m | €0.1m | €0.09m | €0.05m | €0.1m | €0.1m | €0.1m | ▼ 27.7% |
| Furniture and vehicles24 | - | - | - | €0.09m | €0.05m | €0.1m | €0.1m | €0.1m | ▼ 27.7% |
| Other tangible fixed assets26 | - | - | - | €0.001m | - | - | - | - | - |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Current assets29/58 | €3.0m | €3.2m | €2.8m | €3.3m | €3.1m | €2.5m | €2.4m | €2.2m | ▼ 9.4% |
| Stocks and contracts in progress3 | €0.3m | €0.3m | €0.3m | €0.7m | €1.0m | €0.9m | €0.6m | €0.6m | ▼ 2.5% |
| Stocks30/36 | - | - | - | €0.7m | €1.0m | €0.9m | €0.6m | €0.6m | ▼ 2.5% |
| Amounts receivable within one year40/41 | €1.0m | €1.1m | €0.9m | €1.0m | €1.3m | €0.9m | €0.9m | €0.9m | ▼ 1.7% |
| Trade receivables40 | - | - | - | €1.0m | €1.2m | €0.9m | €0.9m | €0.8m | ▼ 3.9% |
| Other amounts receivable41 | - | - | - | - | €0.03m | €0.03m | €0.02m | €0.04m | ▲ 85.1% |
| Current investments50/53 | €0.3m | €0.3m | €0.3m | €0.3m | - | - | - | - | - |
| Cash at bank and in hand54/58 | €1.4m | €1.6m | €1.3m | €1.3m | €0.7m | €0.7m | €1.0m | €0.7m | ▼ 21.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.02m | €0.03m | €0.02m | €0.02m | ▲ 11.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.1m | €3.3m | €2.9m | €3.3m | €3.1m | €2.7m | €2.6m | €2.3m | ▼ 10.4% |
| Equity10/15 | €1.1m | €1.2m | €1.2m | €0.7m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.6m | €0.6m | = |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Legal reserve130 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Tax-exempt reserves132 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Distributable reserves133 | - | - | - | €0.1m | €0.1m | €0.1m | €0.6m | €0.6m | = |
| Profit (loss) carried forward14 | €0.8m | €0.8m | €0.8m | €0.3m | €0.5m | €0.5m | - | - | - |
| Amounts payable17/49 | €1.9m | €2.1m | €1.7m | €2.7m | €2.3m | €1.8m | €1.7m | €1.4m | ▼ 15.8% |
| Amounts payable within one year42/48 | €1.9m | €2.1m | €1.7m | €2.7m | €2.2m | €1.8m | €1.7m | €1.4m | ▼ 15.6% |
| Trade debts44 | €0.4m | €0.5m | €0.3m | €0.6m | €0.7m | €0.4m | €0.5m | €0.6m | ▲ 27.9% |
| Suppliers440/4 | - | - | - | €0.6m | €0.7m | €0.4m | €0.5m | €0.6m | ▲ 27.9% |
| Advances received on contracts in progress46 | - | - | - | €0.03m | €0.02m | €0.02m | €0.02m | €0.03m | ▲ 28.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 21.8% |
| Taxes450/3 | - | - | - | €0.1m | €0.06m | €0.02m | €0.1m | €0.1m | ▼ 21.8% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.1m | €0.1m | - | - | - |
| Other amounts payable47/48 | - | - | - | €1.8m | €1.3m | €1.2m | €1.1m | €0.7m | ▼ 35.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.008m | ▼ 34.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €434,161 | €424,595 | €302,031 | €431,615 | €695,178 | €528,744 | €394,795 | €322,139 | ▼ 18.4% |
| + Depreciation and write-downs630 | €67,045 | €67,727 | €35,055 | €46,674 | €41,288 | €33,398 | €52,309 | €49,099 | ▼ 6.1% |
| Operating cash flow (approximation) | €501,206 | €492,322 | €337,086 | €478,289 | €736,467 | €562,142 | €447,104 | €371,239 | ▼ 17.0% |
| Investment in fixed assets (approximation) | - | -€29,389 | -€77,791 | -€28,618 | -€9,006 | -€94,849 | -€73,514 | -€10,883 | ▲ 85.2% |
| Change in cash | - | €189,040 | -€306,505 | €27,995 | -€557,368 | -€43,887 | €258,279 | -€203,021 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as BINTZ TECHNICS has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of BINTZ TECHNICS itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,136 companies, not a prediction for BINTZ TECHNICS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 49 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 11-05-2026 | 2026-00107554 | |
| 31-12-2024 | abbreviated format | 26-01-2026 | 2026-00013136 | |
| 31-12-2023 | abbreviated format | 24-05-2024 | 2024-00094735 | |
| 31-12-2022 | abbreviated format | 20-06-2023 | 2023-00138395 | |
| 31-12-2021 | abbreviated format | 19-05-2022 | 2022-20029574 | |
| 31-12-2020 | abbreviated format | 28-05-2021 | 2021-15900322 | |
| 31-12-2019 | abbreviated format | 19-06-2020 | 2020-18400154 | |
| 31-12-2018 | abbreviated format | 08-07-2019 | 2019-30300363 | |
| 31-12-2017 | abbreviated format | 31-05-2018 | 2018-14800566 | |
| 31-12-2016 | abbreviated format | 31-07-2017 | 2017-39900461 |